ALGN vs. QQQ
Compare and contrast key facts about Align Technology, Inc. (ALGN) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALGN or QQQ.
Performance
ALGN vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ALGN achieves a -17.56% return, which is significantly lower than QQQ's 24.04% return. Over the past 10 years, ALGN has underperformed QQQ with an annualized return of 14.73%, while QQQ has yielded a comparatively higher 18.03% annualized return.
ALGN
-17.56%
8.78%
-11.63%
3.96%
-3.82%
14.73%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| ALGN | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.10 | 1.76 |
| Sortino Ratio | 0.43 | 2.35 |
| Omega Ratio | 1.05 | 1.32 |
| Calmar Ratio | 0.05 | 2.25 |
| Martin Ratio | 0.18 | 8.18 |
| Ulcer Index | 21.45% | 3.74% |
| Daily Std Dev | 38.11% | 17.36% |
| Max Drawdown | -92.80% | -82.98% |
| Current Drawdown | -69.05% | -1.62% |
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Correlation
The correlation between ALGN and QQQ is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ALGN vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Align Technology, Inc. (ALGN) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ALGN vs. QQQ - Dividend Comparison
ALGN has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGN Align Technology, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ALGN vs. QQQ - Drawdown Comparison
The maximum ALGN drawdown since its inception was -92.80%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ALGN and QQQ. For additional features, visit the drawdowns tool.
Volatility
ALGN vs. QQQ - Volatility Comparison
Align Technology, Inc. (ALGN) has a higher volatility of 10.41% compared to Invesco QQQ (QQQ) at 5.36%. This indicates that ALGN's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.